Exness Online Trading South Africa Review
Exness is a CFD and forex broker that provides trading on 200+ financial instruments through their web-based and mobile trading platforms. Plus, they provide instant order execution, competitive spreads and multiple account types to suit the needs of traders.
Exness recently received a South Africa financial services provider license from the Financial Sector Conduct Authority, opening up the door for major expansion in Africa. This shows Exness' commitment to this region.
Online CFD trading on Exness’ powerful trading platform
Exness is a global multi-asset broker founded in 2008 with the vision to revolutionize online trading. They provide superior market conditions on global financial markets, providing traders with cutting-edge online trading solutions from around the world.
This platform provides access to over 180 forex pairs and CFDs, along with low spreads, speedy execution and other cutting-edge trading tools and technologies. Plus, its mobile app makes using the platform a breeze - available in over 180 countries for easy mobile access!
Exness offers traders a low minimum deposit of just $300, making it an attractive option for low capital investors. Furthermore, Exness boasts four liquidity sources so customers can always find reliable prices when trading.
Exness offers a range of leveraged products, such as 1:2000 and 1:500 on the Metatrader 4 and 5 platforms. Leverage can be an effective way to increase profits but it also has the potential for large losses.
Exness offers free live chat support to answer any queries new clients might have regarding their accounts. This enables novice traders to clear away any doubts or difficulties they might be facing and gain insight into forex trading basics.
Exness also offers a partnership program that rewards affiliates with commissions when their clients sign up through your referral link. To take advantage of this, simply share the 'partner link' with your clients to sign up!
Referring a new client to Exness can earn you up to 25% commission as a CPA on their trading volume. Plus, receive additional commissions for lifetime value of these accounts referred by you.
EXNESS is a well-established Forex broker with over 1 million clients in 180 countries. It provides numerous marketing materials and resources, as well as an attractive affiliate program.
This broker's website is user-friendly and provides plenty of details about their services and features. Plus, there's a free demo account as well as low trading fees.
Always trade responsib
Trading responsibly is essential, no matter your level of experience or expertise. These simple guidelines can ensure your trades always benefit you in the long run.
One of the most essential factors when trading is what type of trading you engage in. Different markets have various costs and margin / deposit requirements, such as shares on the Johannesburg Stock Exchange (JSE) that may incur a commission charge while currency pairs require a spread or finance charge to trade overnight.
A good broker will offer tools to manage this risk, helping you maximize the efficiency of your trading experience. These may include market alerts, virtual accounts that simulate actual funds, and various risk management techniques to protect your capital.
Before beginning trades, it is wise to make a trading plan. Doing this will guarantee you don't make any costly errors and give you clarity on your limits.
Investing in the crypto market can be an exciting and profitable way to make some extra cash, but there are a few risks you should be aware of. Most importantly, is that you could potentially lose money.
The second is your ability to handle volatility. Reputable brokers will have you covered here, providing tools and strategies for smooth sailing through market ups and downs.
Finally, you must determine your limits and how to set them. Ideally, your aim should be to recoup your initial investments with minimal losses.
To achieve optimal efficiency in trading, it's best to do so within a regulated environment. Doing this guarantees you are dealing with an established broker and have secure deposit conditions.
Exness provides a swift selection of deposit and withdrawal methods. These include credit/debit cards, e-wallets like Neteller or Skrill, as well as local bank transfers. Withdrawals take no longer than 24 hours to process; transactions back to the original payment method are usually completed instantly.
Exness stands out among brokers by not charging deposit or withdrawal fees. Your credit card provider, bank, or payment system may add a transaction fee or commission to the amount being transferred - these costs can add up quickly and significantly affect profitability, so be sure to inquire beforehand.
The broker's website features an online help center with step-by-step instructions for registering and depositing. Furthermore, there is a 24/7 helpline offering customer support in multiple languages.
In addition to these features, the broker provides free demo accounts that let you hone your trading skills before risking real money. These can be used on the MT4 platform and serve as an excellent opportunity to learn how to trade Forex before investing your own funds.
They offer a selection of trading accounts, such as standard and pro accounts. Furthermore, you have the option to select from their raw spread account which offers a lower spread than standard or pro accounts.
One of the greatest advantages to working with Exness is that they don't charge any deposit or withdrawal fees, making it simpler for you to fund your account and withdraw profits. Plus, their wide range of currency options eliminates conversion fees on trades.
Their trading conditions are among the most competitive on the market, and they provide an extensive library of tutorials and articles to help you become a more informed trader. Furthermore, they're regulated by multiple regulatory bodies including FSCA and FCA in South Africa.
Their platform is secure and password-protected, keeping all of your personal information encrypted for safety. They offer various account types and leverage levels to suit different trading needs. Furthermore, both MT4 and MT5 platforms are compatible with all mobile devices - making it simple to access your account from anywhere.
Exness provides outstanding customer support to traders around the clock in 15 languages via email, phone and chat. Traders may also access our online help centre which is regularly updated with detailed articles on various topics.
Exness offers a number of trading accounts that enable traders to trade on an array of instruments, such as forex, stocks, commodities and indices. The platform is user-friendly with plenty of features suitable for both novice and experienced investors alike.
Charting tools on the platform offer more than 50 drawing tools and 100 indicators, such as classic trend indicators, volume indicators and oscillators. Furthermore, traders have access to live news and market data to help inform their decisions.
These tools allow you to analyze and interpret data, enabling you to make an informed trading decision. Furthermore, the terminal allows setting up watchlists and order signals; additionally, it can alert you when an instrument reaches a particular price level.
Another excellent feature of the trading platform is its one-click trading functionality. This innovative function can save time and energy by automatically placing orders without you having to do it manually.
Short term traders will find this type of trading to be particularly beneficial, as it helps save them money on commissions. Furthermore, the broker provides an MT5 Expert Advisor which allows you to automate your trading strategy on the MT5 platform.
In addition to the MT5 platform, Exness also offers a mobile app for iOS and Android called Exness Trader. This app enables deposits and withdrawals with just one click and offers 24/7 support.
This app offers charting with two chart types (line and candle), seven time frames and classic indicators like Moving averages, Bollinger Bands and Parabolic SAR. Furthermore, there are various order types available such as market orders and pending orders.
Exness offers a demo account which lets you practice trading under real market conditions in a secure setting. This feature is invaluable for learning new strategies or testing their effectiveness. Plus, it helps you become familiar with the trading platform and how it functions.